Shiba Inu is the world’s second-largest meme coin.
It has held tight to the position for quite a while now. But it seems like that wouldn’t be the case for long. The competition is growing fierce and new meme coins with more sensational themes are ready to snatch the title from Shiba Inu.
A top contender is the newly-arrived Poodl Inu ($POODL). The canine meme coin claims to be the DOPEST DOG SINCE DOGE.
Is Shiba Inu Going to Zero?
While most of the blue-chip crypto market has been performing remarkably well over the last few months, we can’t say the same about Shiba Inu. The meme coin has failed to live up to the expectations.
In fact, SHIB has taken a 28% plunge over the year. But in terms of market cap, the token still holds the 17th position. So whether Shiba Inu is going to zero is an irrelevant question. A meme coin as iconic as SHIB won’t fade into obscurity.
Shiba Inu 1-year price action, CoinMarketCap
That said, it will be prone to market downturns and growing competition within the meme coin niche. It is unlikely that the token will be safe in the second position on the meme coin chart by the end of the year.
The sluggish progress of the ecosystem development and the distracted community of investors will further shed the SHIB market cap in the coming days. If the project continues to disregard the evolving market trends, it will have to settle for a much lower market cap soon.
The Competition is Growing Fierce
The competition in the meme coin market is growing to new heights. It has evolved a lot over the last few months. While meme coin investors have unabashedly favored tokens inspired by our beloved canine companions for a very long time, Pepe changed the course in early 2023.
But by the end of the year, it was evident that the dominance of dog coins would remain uncontested. The impressive rebound of BONK was just the beginning of the newfound interest in dog coins.
The latest sensation gripping the market is Poodl Inu (POODL).
Poodl Inu set itself apart amidst the crowded dog-themed meme coins, bringing its own unique charm to the table. Unlike its myriads of predecessors, Poodl Inu refuses to blend in and fade away after a fleeting pump.
It aims to climb to the top of the meme coin and assert its dominance, potentially dethroning BONK, and giving fierce competition to DOGE and SHIB. With a carefree demeanor and charisma, Poodl Inu has started capturing the attention of early investors.
But can it stand apart from the pack? Let’s take a look.
Fun, Whimsical, and Lucrative
Poodl Inu opts for a whimsical approach when it comes to its theme and narrative. To give a better context, here is how the website inspires the audience:
“Poodl Inu is gonna be a star! His face is gonna be plastered over every crypto website, crypto influencer, and YouTube video in the entire world. Normies and non-believers are gonna be crying into their $0.25 bowl of microwave ramen for not buying during Presale.”
It goes on to add:
“Close your eyes and picture this: the year is 2025. Crypto is flying. Dog coins are pumping. And a fluffy, streetwise mutt named Poodl Inu is leading the pack. We are at the cusp of a major shift of power in the meme coin space, and you’re here early enough to witness the revolution!”
Poodle Inu runs on the Ethereum blockchain, driven by factors such as energy efficiency, swift transaction processing, and the potential for a wide array of integrations that will expand its utility.
Committed to decentralization, Poodle Inu has allocated 50% of its token supply to early public investors in the presale phase. 30% of the total supply is earmarked for staking rewards. The remaining 20% goes for marketing and the development of the much-awaited DEX Dog Park.
Start Early to Ride the Pump in Full Force
The presale of $POODL is now live with attractive discounts and staking rewards. The strategically-designed staking program allows early adopters to put their holdings to work before the token launch.
In the second phase of the project development, the staking system will undergo changes to accommodate the growing investor base. It will be instrumental in sustaining the price dynamics of the meme coin. Once the initial excitement around the meme coin sensation fades and speculative investors turn to new alternatives, the staking system will motivate long-term investors to hold onto their tokens.
In the third phase, the primary focus will be on nurturing the Poodl Inu community to underscore the project’s market relevance. It will present formidable competition to the top contenders.
If the project manages to sustain the hype, POODL would experience a series of price surges, solidifying its position among the elite three meme coins.
BUY $POODL FOR THE PRESALE PRICE
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